Wealth Advisors of Tampa Bay LLC Has $3.78 Million Holdings in Electronic Arts Inc. $EA

Wealth Advisors of Tampa Bay LLC lessened its stake in Electronic Arts Inc. (NASDAQ:EA) by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,500 shares of the game software company’s stock after selling 4,685 shares during the quarter. Wealth Advisors of Tampa Bay LLC’s holdings in Electronic Arts were worth $3,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Electronic Arts by 35.4% in the 3rd quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock valued at $78,859,000 after acquiring an additional 102,248 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in Electronic Arts in the 3rd quarter valued at about $1,025,000. OPTIMAS CAPITAL Ltd acquired a new stake in Electronic Arts in the 3rd quarter valued at about $1,815,000. Greenland Capital Management LP acquired a new stake in Electronic Arts in the 3rd quarter valued at about $5,569,000. Finally, Swiss Life Asset Management Ltd increased its position in Electronic Arts by 75.8% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 85,245 shares of the game software company’s stock valued at $17,194,000 after acquiring an additional 36,769 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity

In related news, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total transaction of $302,040.00. Following the transaction, the chief financial officer owned 25,991 shares of the company’s stock, valued at $5,233,547.76. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $499,875.00. Following the transaction, the insider directly owned 45,843 shares in the company, valued at $9,166,307.85. The trade was a 5.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 39,906 shares of company stock worth $8,032,336 over the last quarter. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

EA has been the subject of several analyst reports. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Citigroup lifted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $196.64.

Electronic Arts Stock Up 0.1%

Shares of NASDAQ:EA opened at $201.13 on Wednesday. Electronic Arts Inc. has a one year low of $141.19 and a one year high of $204.88. The company has a 50 day moving average of $202.02 and a 200-day moving average of $202.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $50.43 billion, a price-to-earnings ratio of 57.63, a P/E/G ratio of 2.22 and a beta of 0.66.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s payout ratio is currently 21.78%.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.